design-business

Problem:

  • An Irish manufacturing and design business experiencing growing pains putting the business into a fire-fighting mode.
  • Crisis halted the implementation of appropriate systems, defining procedures, and instituting processes to sustain growth.
  • Due to lack of resources and focus multiple key projects were unfinished including shareholder and transfer price agreements, and installation of an ERP system.

Solution:
A CAIM member was engaged with effectively zero notice, to complete the installation of an ERP system and setup the back office on a 3-month contract. The contract was extended to cover all back-office functions, Finance, IT, HR, IP/Legal, Operations, board support etc until the business had grown sufficiently to fully resource each of these functions.

Action:

  • ERP system installed with further, VAT tracking, accounting, bank accounts, and a payment processing system were set-up.
  • An additional third party supplier was sourced and appointed in China reducing dependency on single supplier.
  • A number of orders of intent formalised into contracts.

Result:
Solving these business challenges allowed market, channel, and regional expansion. Revenues grew from €5m to €45m in 3 years.

Staff numbers increased to nearly 100 in 9 different countries.

The CAIM expert transitioned to a Corporate Services role covering specialist functions payroll setups, insurance, acquisition projects and rollouts in Asia until these were complete.

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